Chinese e-commerce giant Alibaba announced on March 28 that it will split into six units, as news emerged that its co-founder Chinese billionaire Jack Ma has returned to China per the communist party’s request, after spending more than a year overseas. China observers believe this shows that Beijing’s policy toward privately-owned large Chinese tech companies…
China’s E-Commerce Giant Alibaba to Be Broken Up as Founder Billionaire Jack Ma Returns to China
March 30, 2023
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